Dislikedfirst post here, though almost finished reading. took me 2 weeks...... now, i've got to say many thanks to Balhana and Kero. your trade examples help me in such a significant way!...... i'll always remember what i learned here. one question, i don't have statistics though, but having reviewed almost 200 of his charts, i seemingly feel that Balhana's TP is relatively conservative, isn't it? his 3rd position has a very high hit rate. why not 1/3 at 1st TP, 2/3 at 2nd TP, or half, half, ...... just a humble opinion. thanks again, i'd appreciate to...Ignored
Trading is always personal, and it's up to the trader him/herself to decide what kind of trademanagement/style/money management that he/she wants to use.
For Sang (balhana), taking 2/3 off at first TP means, even if price reverses to his SL, he'll still end up a winner.
There're many trades that didn't hit final TP's, and those trades are where the 2/3 paid.
Keep experimenting on the method/trading style, and find whatever works best for you.
Trade well,
Chao
Knowing is not enough; we must apply. Willing is not enough; we must do.